Iron Mountain drops US$3.6mn on two data centers

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Friday, March 11, 2011

The Brazilian division of US document management services (DMS) company Iron Mountain (NYSE: IRM) has invested 6mn reais (US$3.6mn) in two data centers, the company said in a statement.

Iron Mountain has opened a facility in Curitiba to beef up local business process management services, and expects to open another center in São Paulo in the near future.

The two data centers will allow Iron Mountain Brazil to double the amount of data previously handled, and will provide a basis for further information storage growth, according to marketing and sales director Rogério Abruzzini.

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Iron Mountain included in its new data centers technologies from IBM (NYSE: IBM), Cisco (Nasdaq: CSCO), VMware (NYSE: VMW), EMC (NYSE: EMC) and CommScope (NYSE: CTV), though it did not name specific solutions.

For full 2010, Iron Mountain recorded a net loss of US$54mn, compared with a net profit of US$221mn the previous year.

Annual revenues reached US$3.13bn last year, up 4% compared with 2009.